Paris had a back and forth session with a negative tilt to it on Thursday, as you can see we were as low as 3585, and as high as 3635 during the session.
Paris had a back and forth session with a negative tilt to it on Thursday, as you can see we were as low as 3585, and as high as 3635 during the session. However, you can see that we still managed to finish the day negative, and we closed just below the €3600 level. With that being the case, we think this market will continue lower, and would start shorting on a break of the lows from the Thursday session as it shows a significant breakdown of massive support. As for buying, we would have to get back over the €3650 level to even consider it.
CAC 40 Forecast April 19, 2013, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
